Topic: Bitcoin open source wallets that support replace-by-fee (RBF) - page 3. (Read 1548 times)

Really not everyone knows how to accelerate their transactions.

Yeah, but just remember that it might be expensive on your end to do RBF, reason being, based on my experienced,

I have not done this Replace by fee (RBF) but a friend of mine did it and told me that it was good and it made the transaction very fast. Really not everyone knows how to accelerate their transactions.

In my own understand of the whole stuff is when the person uses low transaction fee with many blocks to verify the process, then the delay of unconfirmed occurred. But if the person set high transaction fee rate, then the transaction would be faster. When the transaction is slow as it is said, the person can check the mempool to track the movement of the coins.
Op thanks you for the information.

I have not done this Replace by fee (RBF) but a friend of mine did it and told me that it was good and it made the transaction very fast. Really not everyone knows how to accelerate their transactions. In my own understand of the whole stuff is when the person uses low transaction fee with many blocks to verify the process, then the delay of unconfirmed occurred. But if the person set high transaction fee rate, then the transaction would be faster. When the transaction is slow as it is said, the person can check the mempool to track the movement of the coins.
Op thanks you for the information.

I have not done this Replace by fee (RBF) but a friend of mine did it and told me that it was good and it made the transaction very fast. Really not everyone knows how to accelerate their transactions. In my own understand of the whole stuff is when the person uses low transaction fee with many blocks to verify the process, then the delay of unconfirmed occurred. But if the person set high transaction fee rate, then the transaction would be faster. When the transaction is slow as it is said, the person can check the mempool to track the movement of the coins.
Op thanks you for the information.

I have not done this Replace by fee (RBF) but a friend of mine did it and told me that it was good and it made the transaction very fast. Really not everyone knows how to accelerate their transactions. In my own understand of the whole stuff is when the person uses low transaction fee with many blocks to verify the process, then the delay of unconfirmed occurred. But if the person set high transaction fee rate, then the transaction would be faster. When the transaction is slow as it is said, the person can check the mempool to track the movement of the coins.
Op thanks you for the information.

Let us see what would happen has full RBF is on the latest version of Bitcoin Core, if node runners will support it (mempoolfullrbf=1) which will later make opt-in RBF not necessary.

This version of Bitcoin Core adds a new mempoolfullrbf configuration option which allows users to change the policy their individual node will use for relaying and mining unconfirmed transactions. The option defaults to the same policy that was used in previous releases and no changes to node policy will occur if everyone uses the default.

Some Bitcoin services today expect that the first version of an unconfirmed transaction that they see will be the version of the transaction that ultimately gets confirmed---a transaction acceptance policy sometimes called "first-seen".

The Bitcoin Protocol does not, and cannot, provide any assurance that the first version of an unconfirmed transaction seen by a particular node will be the version that gets confirmed. If there are multiple versions of the same unconfirmed transaction available, only the miner who includes one of those transactions in a block gets to decide which version of the transaction gets confirmed.

Despite this lack of assurance, multiple merchants and services today still make this assumption.

There are several benefits to users from removing this first-seen simplification. One key benefit, the ability for the sender of a transaction to replace it with an alternative version paying higher fees, was realized in Bitcoin Core 0.12.0 (February 2016) with the introduction of BIP125 opt-in Replace By Fee (RBF).

Since then, there has been discussion about completely removing the first-seen simplification and allowing users to replace any of their older unconfirmed transactions with newer transactions, a feature called full-RBF. This release includes a mempoolfullrbf configuration option that allows enabling full-RBF, although it defaults to off (allowing only opt-in RBF).

The story is also very easy to tell, but setting zero transaction fee is nearly impossible because most people are using SPV wallets which the fee will be customized to at least 1 sat/vbyte.
You can do it on full client wallet, like Bitcoin Core.

I agree, it should be more readily available to amateur investors. I read a story about a guy who was very wealthy from investing in bitcoin. He was the victim of a home invasion & was tortured to send a large amount of bitcoin to the thieves.

I am a fan of RBF but never heard of this angle before. Seems like it would just confirm before the home invaders would leave.

How did he manage to broadcast a transaction less than 1 sat/vbyte? I've been trying to figure out how to do this for an experiment but am not sure if it's possible.

He sent x amount of bitcoin with 0 sat/byte fee, he waited for them to go & then did RBF to an address that HE controlled.

What did you mean? Does any custodial wallet allow you increase the fee by any form? I can't remember if I have seen any such services or not. Also, it doesn't make a lot of sense either because custodial services usually cut higher fee than average and send with a higher fee as they send in batch.

That would really be helpful, because of this, more people will dump their wallet for better ones.

Also, it doesn't make a lot of sense either because custodial services usually cut higher fee than average and send with a higher fee as they send in batch.

Note: No close source wallet mentioned, if there is any, let me know so I can edit and correct it. No custodial wallet mentioned, because of obvious reason of not your key not your coin.

Well, the additional fee has to come from somewhere. If you aren't adding more inputs, then you have to take away from the outputs, and if you don't have a change output to take away from then you will end up paying the recipient less than originally intended.

It won't be long before opting in to RBF is a thing of the past. Every transaction will be eligible to be RBFed - the only stipulation is whether or not your wallet software will let you do it (but you can always import your seed phrase/private keys to a better piece of software if needed).

Lastly, have you heard about full RBF? Nothing like that has been implemented, but maybe it would be possible in the future, you can follow this thread about it:

I mean if you have 0.005 BTC and you broadcast it, later you can use Replace by Fee by increasing your fee rate, but the total value of that transaction would be 0.005 BTC. It is the same value is your previous broadcasted transaction but with a lower fee rate.